HA NOI AUTO SERVICE AND BUSINESS ONE MEMBER COMPANY LIMITED

HA NOI AUTO SERVICE AND BUSINESS ONE MEMBER COMPANY LIMITED (Vietnamese name: CÔNG TY TNHH MỘT THÀNH VIÊN KINH DOANH VÀ DỊCH VỤ Ô TÔ HÀ NỘI) is a privately held one-member limited liability company operating in Vietnam’s automobile distribution and service sector. The company was established on 14 September 2011 and is registered with the Hanoi City Department of Planning and Investment under Business ID / Tax Identification Number: 0105499072.

The company’s head office is located at No. 311–313 Truong Chinh Street, Khuong Mai Ward, Thanh Xuan District, Hanoi, Vietnam, a prime commercial corridor for automotive retail and after-sales services. With approximately 150 employees, the company is a mid-sized auto dealer and service provider in the Hanoi market.

Ownership and Management Structure

HANOI AUTO SERVICE AND BUSINESS ONE MEMBER COMPANY LIMITED is 100% owned by HANOI TAXI CP CORPORATION, linking its operations structurally to the broader urban transport and mobility ecosystem in Hanoi. This ownership provides some business continuity and network support, but it also implies potential strategic dependence on the parent company’s financial health and transport-sector dynamics.

VU T. V. H. chairs the company, while day-to-day operations are managed by NGO M. T. as General Director. This separation between ownership oversight and operational management supports governance clarity, although decision-making ultimately remains concentrated due to the one-member ownership model.

Business Model and Operations

The company specializes primarily in trading Ford automobiles, serving as a commission agent and distributor, and also provides maintenance, repair, parts sales, insurance brokerage, and transport services. Compared with pure trading entities, this mixed model allows the company to diversify revenue streams through after-sales services, which are typically more stable than new vehicle sales alone.

However, the business remains fundamentally exposed to automotive demand cycles, consumer credit availability, and brand-specific performance, particularly given its strong focus on a single automotive brand.

Financial Performance and Structural Signals

Financial data highlights a high-revenue, low-asset operating structure. Annual sales reached approximately USD 68.59 million, remaining broadly stable year-on-year, while total assets declined sharply to USD 5.75 million, a contraction of more than 30%. This divergence suggests rapid inventory turnover, asset-light operations, or active balance-sheet optimization—but it also limits asset buffers during market stress.

Profitability recovered strongly, with net profit rising to approximately USD 412,500, nearly doubling year-on-year. Owner’s equity increased to USD 2.25 million, reinforcing solvency and indicating retained earnings accumulation after a weaker prior period. Working capital improved significantly, supporting short-term liquidity and operations.

Despite these improvements, margins remain thin relative to revenue scale, which is typical for auto dealerships but leaves limited room for error during downturns or periods of rising financing costs.

Risk Perspective

From a risk standpoint, HANOI AUTO SERVICE AND BUSINESS ONE MEMBER COMPANY LIMITED presents a mixed but manageable profile. Key strengths include stable revenue scale, improving profitability, positive working capital, and backing from a corporate parent in the transport sector. At the same time, asset volatility, brand concentration, and exposure to consumer demand and interest-rate conditions remain material risk factors. The sharp decline in total assets underscores sensitivity to inventory cycles and financing structures, making cash-flow management more critical than asset accumulation.

For lenders, suppliers, and business partners, the company’s risk is less about immediate solvency and more about cyclicality, margin compression, and dependence on automotive market sentiment, rather than long-term structural weakness.

A comprehensive and up-to-date company report from VNBIS.COM provides deeper insight into ownership links, financial trends, and risk exposure to support informed credit and partnership decisions.